Massachusetts Business Gives SBA Loan to Fabricated Wire Product Manufacturing Company

Searching for a Massachusetts bank loan? This Massachusetts entrepreneur got a bank loan, provided by a Massachusetts bank that works with the SBA to help small business owners.

Getting a small business loan in Clinton (town Of), Massachusetts was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Massachusetts Business. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED WIRE PRODUCT MANUFACTURING
CLINTON (TOWN OF), MA 01510

SBA Loan Lender

MASSACHUSETTS BUSINESS
500 EDGEWATER DR., SUITE 555
WAKEFIELD, MA 01880

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332618 - Fabricated Wire Product Manufacturing

Loan Approval Date

8/31/2004

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The loan application indicated that the loan would help retain 18 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Massachusetts Business had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Massachusetts Business made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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